P10-2A Depreciation of Bus 1-2-3 and expense 2008 and 2009
smartworksof (Not rated)
(Not rated)
P10-2A |
In recent years, Juresic Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depreciation method for each bus, and various methods were selected.
Bus | Acquired | Cost | Salvage | Useful Life | Depreciation Method | |
1 | 1/1/08 | $96,000 | $6,000 | 5 |
| Straight-line |
2 | 1/1/08 | 120,000 | 10,000 | 4 |
| Declining-balance |
3 | 1/1/09 | 80,000 | 8,000 | 5 |
| Units-of-activity |
For the declining-balance method, the company uses the double-declining rate. For the units-of activity m
12 years ago
